News & Updates

Archive: 2009

Letting services will be under the spotlight after the government decided against including property managers in tighter regulation for real estate agents, according to a cabinet document.31-07-2009 more >>

Reserve Bank Governor Alan Bollard held the official cash rate at 2.50% as expected and said while economic activity showing signs of stabilising, the high New Zealand dollar was helping to keep the economy "weak." The Kiwi tumbled after his statement.30-07-2009 more >>

The New Zealand Property Investors' Federation (the Federation) briefed the social service select committee on the Residential Tenancies Act Amendment Bill yesterday, Wednesday 29 July.30-07-2009 more >>

An oversupply of residential rental properties is putting pressure on rent prices, which reduced by an average of 3.5% across the country in the past three months, First National Group reports.22-07-2009 more >>

Credit rating agency Veda Advantageâ€™s product overhaul has received a mixed response from property investors as they prepare for the new scoring system to come into effect next week.20-07-2009 more >>

ANZ National Bankâ€™s eight gauges of the housing market have reiterated the support the sectorâ€™s found with burgeoning net migration, but with a slowdown in winter typical, â€œit wonâ€™t be until spring that we will get a clearer picture.â€15-07-2009 more >>

Lending limits for "Welcome Home" loasn for the first home buyers look set to increase next month, opening the scheme up to low-income home-buyers in parts of Auckland and Tauranga for the first time in several years.14-07-2009 more >>

The property market is continuing to experience significantly higher levels of sales activity compared to 12 months ago and many are selling at auction, according to Harcourts' latest statistics.14-07-2009 more >>

The "euphoria" created by the hefty Fonterra payout last year has evaporated, bringing the rural property market back down to more realistic levels, the latest Real Estate Institute of New Zealand (REINZ) Rural Market report reveals.13-07-2009 more >>